A document, dated July 15, 2009, that reads: “Pay to X or order the sum of P5,000.00 five days after his pet dog, Sparky, dies. Signed Y.” is a negotiable instrument.

True. The document is subject to a term and not a condition. The dying of the dog is a day which is certain to come. Therefore, the order to pay is unconditional; in compliance with Sec. 1, NIL. (Note: this answer presumes there is a drawee)